Advanced Battery Technologies Q3 Profit Rises

Advanced Battery Technologies Inc. (ABAT) announced that its third-quarter net income was $4.8 million or $0.08 per share, compared to $4.4 million, or $0.08 per share in the third quarter of 2008. Operating income for the third quarter was $5.2 million, a 3.0% increase from $5.1 million during the third quarter of 2008.

Revenue for the third quarter was $17.7 million, a 39.9% increase from $12.7 million in the third quarter of 2008.

by RTTNews Staff Writer

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